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Medicine Hat · Single Family · under $825,000 · 4+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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156 Somerset Way SE
OPEN HOUSE-Saturday, April 25th at 2:00-3:30pm! Introducing an exceptional investment opportunity in the heart of the city! Welcome to Adorah Homes' latest NEW BUILD featuring a beautiful two-storey main unit with a legal 2 bedroom basement suite. This property not only offers comfortable living spaces but also provides income-generating potential to help offset mortgage costs. The main two-storey unit boasts 1728 sqft of carefully designed living space-complete with a main floor office/playroom. Upon entry, you're greeted by a spacious, light-filled living room with access to a covered back deck with BBQ gas line overlooking a large, private yard space-complete with a fence. The kitchen exudes modern elegance, featuring a pantry, an island with seating, a complete appliance package (gas range), and quartz countertops. Upstairs, 3 generously sized bedrooms await, including a primary suite large enough to accommodate a king-sized bed, complete with a 4-piece ensuite and a substantial walk-in closet. Also conveniently located on this floor is a full bathroom and laundry area. Stay warm in winter with the main attached double garage and the suites attached single! Downstairs, the fully rentable legal basement suite spans 864 sqft and includes 2 bedrooms, a well-appointed bathroom, an eat-in kitchen, a spacious living room and its own in-suite laundry. This suite mirrors the high-quality finishes of the main unit, featuring quartz countertops, a 4-piece appliance package and ample storage space throughout. Located within walking distance to all amenities such as schools, shopping, restaurants, coffee shops, and scenic walking/biking paths, this property is perfectly positioned for both convenience and lifestyle. Whether you choose to live in one unit and rent out the other or utilize both for rental income, this home presents a rare opportunity to own a brand-new property with dual occupancy potential. Don't miss out on this chance to secure a modern, income-generating property in a prime location and explore how this home can fit your investment and lifestyle goals seamlessly. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.50 Ft x 16.50 Ft | |
| Dining room | 11.00 Ft x 12.83 Ft | |
| Kitchen | 9.50 Ft x 17.67 Ft | |
| 2pc Bathroom | .00 Ft x .00 Ft | |
| Pantry | 3.25 Ft x 6.00 Ft | |
| Office | 7.50 Ft x 10.17 Ft | |
| Furnace | 5.67 Ft x 6.00 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 11.50 Ft x 15.00 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Other | 6.00 Ft x 7.67 Ft | |
| Bedroom | 10.08 Ft x 10.17 Ft | |
| Bedroom | 10.33 Ft x 10.17 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft |
Unknown
| Room | Dimensions | Features |
|---|---|---|
| Living room | 11.25 Ft x 13.25 Ft | |
| Other | 15.50 Ft x 8.33 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 11.17 Ft x 10.25 Ft | |
| Bedroom | 10.00 Ft x 11.00 Ft | |
| Furnace | 4.92 Ft x 7.33 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,632
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 21, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
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